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3 years ago

What does it mean when your tax return is being processed?

1 answer:

6 0

<span>According to the IRS FAQ on the Where's My Refund main page - this notification indicates that your return is being manually reviewed for some reason. Your bars have disappeared, and perhaps your refund amount is gone, and the message states that "Your tax return is still being processed. A refund date will be provided when available." Something triggered a review.

Yeah bro</span>

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On January 1, 20X8, Polo Corporation acquired 75 percent of Stallion Company's voting common stock for $300,000. At the time of

lions [1.4K]

Answer:

Explanation:

Base on the question been given to us, we can solve this using equity method as seen below

Investments in Polo = 300000+0.75*(40000-10000-5000*)

300000+0.75*(25000)

300000+18750

$318,750

Increase in value of Patent $50,000

Economic Life 10

Amortization $5,000

The $ 5000 would be reduced from the net income

6 0

3 years ago

Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI

almond37 [142]

Answer:

2500

Explanation:

6 0

3 years ago

Fev and Company has a projected balance sheet that includes the following accounts. Cash $ ? Marketable securities 228,000 Accou

Thepotemich [5.8K]

Answer:

C. $ 344,000

Explanation:

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:

Total assets = Total liabilities + stockholder equity

which equals to

Total assets = $1,570,000 + $2,382,000

= $3,952,000

And, the total assets equal to

Total assets = Cash + Marketable securities + Accounts receivable + Inventory + Non-current assets

$3,952,000 = Cash + $228,000 + $860,000 + $490,000 + $2,030,000

$3,952,000 = Cash + $3,608,000

So, the cash would be

= $344,000

7 0

4 years ago

A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una

ValentinkaMS [17]

Answer: $5,440

Explanation:

When using the percent of sales method to determine bad debts, the company estimates a percentage that it believes will results in uncollectible debt and then applies it to the sales/revenue figure. The figure that is calculated is then debited along with the debit balance on the Allowance for doubtful accounts to the Bad debts account for the year and credited to the Allowance for doubtful accounts.

This company estimates that they will have 0.6% of credit sales uncollectible.

There are also $790,000 in sales of which all are on credit.

The Uncollectible estimate is therefore,

= 790,000 * 0.6%

= $4,740

This figure is then added to the debit amount on the Allowance for Uncollectible Accounts.

= 4,470 + 700

= $5,440

Note; A debit balance on the Allowance for doubtful debt account signifies that the bad debts were higher than anticipated the last time. This is why the figure is added to the current bad debts expense.

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3 years ago

In enterprise systems, supply chain management is tied to the conversion of ______ to finished product

Sveta_85 [38]

In enterprise systems, supply chain management is tied to the conversion of raw materials to finished product.

<h3>What are raw materials?</h3>

This are materials that are used in production process to manufacture a product.

Raw materials are often transformed to finished product that is purchased by consumers.

Supply chain monitor the activity of converting raw material to finished product.

Therefore, In enterprise systems, supply chain management is tied to the conversion of raw materials to finished product.

Learn more on supply chain below,

brainly.com/question/13297496

#SPJ12

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2 years ago